ASX Forms 7-Week Cup Base, Nears $44.67 Pivot in Stage 2 Uptrend

Posted on by Eben@CANSLIM Research
ASX daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

ASX is consolidating in a 30.3%-deep Cup Base after a powerful advance, with the stock holding above a rising 30-week moving average. The overall trend template passes 7 of 8 checks, confirming a Stage 2 uptrend, though the relative strength line has yet to reach a three-month high. Sentiment is bullish, with an offensive setup in place as price approaches the $44.67 pivot.

As of 2026-08-14 · Close $39.54

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 12.74%)

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